Latest Facts About Binance
1. Binance Settled With U.S. Authorities
In 2023, Binance paid a $4.3 billion fine to U.S. regulators and CEO Changpeng Zhao (CZ) stepped down as part of the settlement.
CZ pleaded guilty to violating anti-money laundering laws and was later sentenced in 2024.
2. Binance CEO Now is Richard Teng
Richard Teng, former regional markets head, is now the new CEO of Binance.
He aims to strengthen compliance and rebuild global trust.
3. Binance Exits Several Countries
Due to regulatory pressure, Binance exited or restricted services in countries like Canada, Netherlands, and Australia.
However, it continues expanding in more crypto-friendly regions.
4. BNB Chain Upgrades
Binance's own blockchain, BNB Chain, introduced several upgrades to boost performance, support Web3 apps, and reduce gas fees.
5. Focus on Compliance and Transparency
Binance has invested heavily in KYC (Know Your Customer) and AML (Anti-Money Laundering) tools to meet global standards.
6. Continued Leadership in Trading Volume
Despite challenges, Binance remains #1 in global crypto trading volume, handling billions of dollars daily.
7. Binance Launches ‘Megadrop’ Airdrop Platform
In April 2024, Binance launched a new feature called Megadrop, a platform that rewards users with early airdrops for completing simple tasks or holding BNB.
8. Binance Square “Write to Earn” Gains Popularity
Content creators are earning money by writing crypto posts on Binance Square, attracting influencers and bloggers globally.$XRP $XRP